USD/JPY, the sellers were ready at 121.40/60, again!
The US dollar has strengthened against the Japanese yen for 7 days in a row, but the sellers were ready at the 121.40/60 again. In the last two days the pair has retreet bellow daily MA200 and reach 120.40, the level near the support at 120.20. This is the 9th week in which the pair is consolidating between levels 118.00 and 121.50, after the biggest daily fall since 1998. and it’s not easy to trade with in between those strong SR levels.
Forex Trader 